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CNBC
Jan 16, 2013 3:00pm EST
oil company. u.s. defense secretary leon panetta while speaking to reporters in italy called this a terrorist attack so the u.s. will take, quote, all necessary and proper steps. we are showing you the actual facility in algeria. the google map, google earth. a group affiliated for al qaeda has claimed responsibility for the attacks, in retaliation for france's military intervention into the country of mali which borders algieria. france began that intervention last week to try to combat islamic militants that work in that country. the hostages include not only americans but french, british, norwegian, japanese and an irish citizen as well. and according to information about algeria on bp's website, algeria supplies 30% of europe's natural gas. bill, back to you. >> thank you very much, michelle. more as that story continues to unfold. meantime, headed towards the close. 50 minutes left. the dow down 20 points. virtually all of that attributable to the decline in boeing today f.boeing weren't down as much as it is, the dow would be unchanged right now. >> pretty extraordinary story
CNBC
Jan 17, 2013 3:00pm EST
? >> you continue to invest in those companies with solid balance sheets. i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where people begin to discount bad news. you throw bad news up and they say don't worry about that. look at the good points. the reverse happens in a bear market where we embrace the bad news and know there's never a ray of sunshine ever. we're in that discounting phase, and it feels complacent. it's a time to be cautious, so i think balance sheets matter. >> right. >> income matters and earnings really matter. >> very good. >> if you look at -- if you look at that philly fed this morning a great example. the market looked at that and said whatever. >> exactly. >> small caps and mid-caps didn't dip on the news. >> ignoring the bad news and going for the good news. >> real quickly, guys. on the ph
CNBC
Jan 18, 2013 3:00pm EST
industrials. some of the things we're keeping an eye on is some of the defense stocks. right under the shadow because of the possible quester. they are getting cheap and they have possible cash flows. >> glad you mentioned earnings. >> so far it's been somewhat mixed. i mean the banking sector is turning out some good numbers. >> yeah. >> where do you expect we might see the surprises on the upside in terms of the fourth quarter? >> in terms of sectors? >> yeah. financials have obviously done well, and that's somewhat cyclical. what i expect to do well are the consumer staples. they have been chugging along, but i think some of their expenses and costs were pretty moderate in the fourth quarter, and i think with the -- with the change in the taxes that came through in january, usually better for staples than consumer discretionaries so hopefully we'll get good numbers from there. >> where would you be investing, peter sorrentino? you said you like the early cyclicals? what does that mean? who do you like here? >> well, really it's a wide brush right now. we like refiners, the volero of
CNBC
Jan 15, 2013 3:00pm EST
very bull strategic defense initiative. >> very bullish. >> i guess the question is are you able to buy into that market at much lower houses? how substantial could a decline be on the so-called bumps in the road? there's some precedent for that. not the first time we've been through it. we've been back through it in 2011 and there's a significant pullback. there's a bit of a been there, done that and we haven't seen the kind of volatility we've seen and in the difference of backdrop the republicans sort of have their backs against the wall. they were forced to concede on taxes during the cliff debate, and now i think this is their chance to get concession on spending, and i think they are going to do that. this is going to go to the wall and that will create volatility. >> the president has been very clear. he's not going to negotiate on the debt ceiling. >> that's how politicians talk. at the end of the day negotiations will have to happen. >> he has to? >> you're not al lone in being wildly bullish right now and i think -- i know that's affecting your investment philosophy, the f
CNBC
Jan 15, 2013 4:00pm EST
. pmis rising and inflation all over the place. this year it's with cyclical growth, not defensive growth. not just getting paid to wait but it's cyclical growth right now. >> thank you, guys. >> good to see you. >> terry, welcome back. good to see you. >> the dow going out near the highs of the day, but, again, it's not setting the world on fire but some of the other averages are doing very well and it's just a day when apple is going to close below $500 a share for the first time in almost a year. the dow up 27 points. that's the first hour of the closing bell. here's the second hour now with maria. i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a perc
FOX Business
Jan 21, 2013 3:00pm EST
climate change, immigration reform, gun control. the president coming out and giving a strong defense of government saying that, quote, preserving our individual freedoms ultimately requires collective action. take a listen. >> the american people can no more meet the demands of today's world by acting alone than the american soldiers could have met the forces of fascism and communism with militias. or build the roads and networks and research labs that will bring new jobs and businesses to our shores. now, more than ever we must do these things together as one nation and one people. peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business
FOX Business
Jan 18, 2013 3:00pm EST
were doing stuff aggressively strategically but playing a lot of defense in fixing cleaning up, moving on rebuilding and i just feel like this is a pivot point. and honestly the fourth quarter was good. it wasn't perfect, though. there's a lot still to go, but this is a pivot point where now we focus on running the business. >> so much of your business, speaking about smith barney, you are going to assume all of their brokers, right? something like 18,000 brokers the biggest brokerage firm in america. so much of your business has to do with the small investor. yet we know the small investor is not really in this market. they're out of it in a major way. how can you predict consistent earnings or this is a pivot point when you know the small investor isn't in it? >> that's a good question. the interesting thing is even with the small investor on the side lines the business is showing remarkable resilience. so with 0 interest rates, very little new equity being issued, and very little investor confidence, the market is showing great resilience. but again, our investors, we have small inv
CNBC
Jan 14, 2013 4:00pm EST
slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and didn't want the country to go over the fiscal cliff. should we have gone over the fiscal cliff, since that was the reality, if, in fact, they would have pushed for spending cuts? >> maria, i'm not about to second guess them. these are very smart people -- >> well, you are second guessing them. this is what this interview is about. >> i just like to state where i believe where we are and what's going to happen. >> okay, what do you think happens? >> so, i think that the -- as a result of the tax increases, we are going to collect substantially less revenues than we thought we would. and that is because the federal and local tax rates, ma
FOX Business
Jan 14, 2013 3:00pm EST
is a sign to be defensive and taking that with look what's happening in europe. europe industrial production came out today. negative 4%. the worst since 2009. they are already in a recession. with that economic backdrop, what do we do? we did an anti-growth package with taxes. we raised taxes. not just for the rich, for everybody. and i don't think that bodes well for continuing growth, and that's why we're defensive. cheryl: one of the things you talk about here and i want to kind of pick apart this point if you don't mind is you're saying we should be looking at going for high yield and global bonds. fair enough. but if you've got a u.s. economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you'
Search Results 0 to 8 of about 9